The Fair Share Report
296 Rt 565
Wantage, NJ 07461
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $265,282 – $304,412, from 12 comparable Wantage sales in the past 18 months, at this home's 828 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Wantage assessments sit below market value — republished every October, applied town-wide. A $284,118 home should be assessed near $183,540.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,540 below what the ratio math suggests (26.4%).
Step 4 · The tax rate — same for every Wantage home
$2.064 Schools · 69% $0.589 County · 20% $0.349 Town · 12%
Step 5 · The bill
This home vs. every recent Wantage sale · assessed ÷ market
39%80%
Paying about right
This home's ratio lands inside Wantage's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 70 ALPINE RD | 2025-07 | $400,000 | 858 | 37.8% |
| 720 RT 519 | 2026-06 | $350,000 | 1,020 | 58.5% |
| 61 FERNWOOD RD | 2026-05 | $149,000 | 805 | 68.3% |
| 18 NORTH SHORE DR | 2025-10 | $320,000 | 864 | 40.7% |
| 277 UNIONVILLE RD | 2025-05 | $260,000 | 860 | 60.7% |
| 67 NORTH SHORE DR | 2025-09 | $300,000 | 816 | 34.1% |
| 7 COURTLAND DR | 2025-08 | $380,000 | 1,054 | 51.8% |
| 29 HILLSIDE DR | 2026-03 | $340,000 | 984 | 40.9% |
| 14 WOODLAND RD | 2025-02 | $330,000 | 1,030 | 46.7% |
| 31 BERGEN AVE | 2025-08 | $350,000 | 1,056 | 43.4% |
| 146 MUDTOWN RD | 2026-01 | $285,000 | 885 | 56.6% |
| 2 TOMAHAWK TR | 2026-02 | $340,000 | 836 | 44.5% |
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